Tuesday 15 March 2011

CPO Futures Sell 3274 At 1230pm

CPO Futures hourly indicator cut loss 66 ticks and turned selling 3274 at 1230pm.
Stop loss order 3305 had however helped to reduce 31 ticks further losses from 3305 to 3274 if trader did place the stop loss sell order. Thus trader losses is 35 ticks, not 66 ticks.
CPO Futures hourly indicator will turn buy signal again if 4pm palm oil price is at above 3290.